Bahrain: New bank to buy 17-storey tower

Published March 26th, 2006 - 07:40 GMT
Al Bawaba
Al Bawaba

A new $3 billion Islamic investment bank, one of the largest of its kind in the world, is being launched in Bahrain. Global House, which is the bank's founding company, will purchase the new 17-storey Al Rashood Tower in Seef at a cost of BD8 million, said Dr Ahmad Al Dosari, executive president of Global Houserevealed.